ThredUP selloff ‘opens ideal entry,’ says Northland

Northland notes ThredUP (TDUP) shares are down about 15% year-to-date and about 36% since the Q3 print, which may suggest business deterioration but such worries “are misplaced” as the company delivered record sales, solid margin expansion, and a guidance raise above the beat in Q3. Concerns on return of de minimis are “overblown,” adds the analyst, who has an Outperform rating and $14 price target on ThredUP shares.